It would almost guaranteed end with players in the hospital... if not dead... Lack of sleep is bad for you, having it for such a long time is not something you can brush off...
It's not that we hate CE, I chose not to reply earlier (as usual on CE topics) because I am curious what players think/cook up about it.
It's that the last CE's cost us so many players, we're not up for taking chances with our now growing again community.
Why risk all that work on something that will maybe grow us temporarily, but potentially be another major fallback, one that may be too much...?
If you truly want a CE, consider how it could work in that it is both competitive, and doesn't end up either, depriving our other worlds or making our players quit/worn down.
I'm not saying there will never ever be a "normal" CE again, it may be considered in the future, but well... We have a great game, we love this game, we're not risking it nilly-willy.
That said, it's awesome to see players think about it so actively, so please, rock on. Do try to keep in mind that we'd like to survive though. That means our players need to survive too, would rather not have them collapsed behind their monitor because of sleep deprivation